Responding to new contracts for its vehicle hose assemblies, Yokohama Industries Americas Inc. plans to hire 134 full-time employees and invest $5.2 million in new equipment at its plant in Versailles, KY.
The project will add two new production lines at Yokohama’s Hose Division plant at 105 Industry Drive. The facility currently employs about 300 people producing and distributing hose assemblies for vehicle air conditioning, power steering and transmission oil cooler systems.
“Yokohama Industries Americas Inc. appreciates the great support provided by Kentucky’s Cabinet for Economic Development, the City of Versailles and Woodford County,” said company President Yasu Tajima. “Yokohama is very pleased to work with strong government team focused on expanding the automotive business in Kentucky and creating new jobs in the region.”
Yokohama Industries America is a subsidiary of Tokyo-based Yokohama Rubber Co. Ltd., which was founded in 1917 as a joint venture between Yokohama Cable Manufacturing and B.F. Goodrich Co. The Versailles facility, one of two Yokohama plants in the city, opened in 1989.
“This expansion by Yokohama and the new employment it will create further strengthens the Commonwealth’s automotive industry. This is a great day for Kentucky,” said Gov. Matt Bevin. “We are grateful for Yokohama’s increased investment in Kentucky and look forward to their continued success.”
Yokohama can receive resources from the Kentucky Skills Network. Through the Kentucky Skills Network, companies can receive no-cost recruitment and job placement services, reduced-cost customized training and job training incentives. Last year, the Kentucky Skills Network trained more than 84,000 employees from more than 5,600 Kentucky companies.
“Yokohama’s decision to expand in our community is further proof that Woodford County is open for business,” said Rep. James Kay. “Our people are our biggest asset and I am pleased that Yokohama recognizes our valuable workforce and is willing to invest and create more jobs in Versailles. Woodford County is an ideal place to do business. I’m proud to help grow new jobs and build our economy as we attract new business and industry to our community while helping those already here grow and thrive.”
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